WITNESSETH THAT:
WHEREAS, MANUFACTURE and EXPORTER are engaged in manufacture and sale of
the products hereinafter defined, and WHEREAS, IMPORTER is engaged in the
importation and distribution of the products in the Area of Primary Sales
Responsibility, and WHERAS, DISTRIBUTOR is desirous of becoming an exclusive
distributor of the products in the Area of Primary Sales Responsibility.
NOW, THERFORE, in consideration of the mutual covenants,understandings,and
agreements contained herein, all the parties heretogoagree as follows:
Article 1. Definitions
For purposes of this AGREEMENT, each of the following terms shall have the following
meaning respectively.
1.1 “The products” means primarily the Shamo Products by MANUFACTURER and EXPORTER as specified in Exhibit A here to go.
1.2 “Area of Primary Sales Responsibility” means Japan.
Article 2. Distributorship
2.1 MANUFACTURER hereby grants to DISTRIBUTOR the exclusive right to
distribute the Products in the Area of Primary Sales Responsibility subject to the terms
and conditions of this Agreement.
2.2 DISTRIBUTOR shall provide MANUFACTURER with an intensive financial
assistance so that MANUFACTURER can boost its production volumes at the earliest
possible date, in consideration of being granted the exclusive right to distribute the
Products in the Area of Primary Sales Responsibility. For the purpose of such financial
assistance, DISTRIBUTOR shall draw up an adequate letter of intent subject to
MANUFACTURER’s agreement prior to the conclusion of this Agreement.
2.3 MANUFACTURER shall not sell the Products to any person other than
DISTRIBUTOR in the Area of Primary Sales Responsibility. Nothing herein contained
shall be constructed as prohibiting MANUFACTURER from supplying the Products to
federal government agencies or state governments or municipal governments in the
Area of Primary Sales Responsibility.
2.4 DISTRIBUTOR shall not manufacture, purchase, import, export, sell, distribute or
otherwise deal in the same product as, competitive with or similar to the Products in the
Area of Primary Sales Responsibility.
2.5 DISTRIBUTOR shall not sell or export, nor cause any third party to sell or export
the Products outside the Area of Primary Sales Responsibility.
2.6 DISTRIBUTOR shall sell the Products in the Area of Primary Sales Responsibility
for its own account and risk under the terms and conditions it considers proper.
DISTRIBUTOR shall in no way be a representative or agent of MANUFACTURER and
have no authority to act or assume any obligation on behalf of MANUFACTURER